Knowledge Management as a Link between Business and Higher Education in Bulgaria
9 Pages Posted: 29 Sep 2011 Last revised: 18 Oct 2011
Date Written: September 29, 2011
Abstract
Intellectual capital and knowledge are emerging as a significant competitive advantage in contemporary business as they directly influence a company’s efficiency. The role of institutions of higher education in the context of the modern information society requires a new approach to the improvement of knowledge management, which shall be put forward to the business world. This article reviews the role of knowledge management as a tool that links business and higher education in Bulgaria. Knowledge management is viewed from several perspectives: (1) knowledge as a catalyst of organizational development, (2) knowledge as a social resource, (3) fields of knowledge management and (4) knowledge management in higher education. It also presents critical analysis of the problems of higher education in the country and capitalizes on intellectual capital as an instrument for achieving competitive advantage. The main objective of the article is to provide clearly defined recommendations for optimization of the higher education system in Bulgaria through implementation of effective management “at the entry” and throughout the educational process to ensure the graduates are finally ready to meet the changing demands on the business side by using the knowledge management principles. The article emphasizes that effective knowledge management and intellectual capital have the potential to enhance a firm’s competitiveness.
Note: Downloadable document is in Bulgarian.
Keywords: knowledge management, higher education, business, Bulgaria
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